I appreciate the opportunity to comment on the Department of State’s pending determination of whether construction of the Keystone XL pipeline (KXL) is in the national interest of the United States. This comment relies on information provided in the Final Supplemental Environmental Impact Statement prepared by the Department (“Final SEIS” or “Report”), and finds that construction of the pipeline is unequivocally in our best interest to support energy security, and minimize the environmental and safety risk of the burgeoning North American energy trade.
Even in the face of Monday’s snow day, regulators found time to publish more than $4.5 billion in total costs and nearly 3 million paperwork burden hours. Total published rulemaking costs in 2014 are now well past $10 billion.
Whatever you believed last month, continue to believe it. The February jobs report did not have much news. The core story in the February report is likely the impact of bad weather on hours worked, no surprise to all of us with mental scars from days inside and snow drifts outside. Jobs were up surprisingly strongly — 175,000 — and average hourly earnings rose a sharp 4.5 percent (annual rate). Weekly earnings were flat because hours were down by 0.2 percent. Workers are making more per hour, but working less.
All conversations in Washington today will be driven by the February jobs numbers. We will wait to see if the cold freezes growth when the numbers are released later this morning. January’s numbers saw 113,000 jobs added and a slight change in unemployment. Douglas Holtz-Eakin has his preview below. Here is a quick recap of key economic indicators since last month’s report:
As the name suggests, the President’s Budget is in fact a wholesale concoction of the executive branch. In the formulation of their Budgets, administrations of every stripe are free to construct a government, and more relevantly, an economy largely of their choosing.
In a recent study funded by the National Institute on Aging, researchers found that Medicare Part D coverage is associated with fewer hospital admissions and lower associated costs.
If you like your plan you can keep it, well at least until 2017. That is the announcement from the Obama administration late Wednesday after a November promise that Americans would be allowed to remain on health care plans set for elimination because they do not meet the Obamacare coverage standards.
Tucked into the sea of red ink outlining the administration’s priorities for the coming federal fiscal year are a handful of initiatives for higher education. Despite lip service to some of the challenges facing our country’s higher education sector, such as growing costs, rising student debt, declining enrollment and uneven achievement among minorities and low-income students, the administration’s proposed budget would do little to address these issues.
The Medicare Advantage program is bracing for another round of deep cuts as a result of the Affordable Care Act (ACA) and further reductions proposed by the Centers for Medicare and Medicaid Services.
After a snow delay, the president’s budget was released yesterday. AAF’s team of policy experts quickly went to work reading the document and breaking down what it means. In reviewing the spending and taxes in the president’s budget, AAF finds:Tax revenue increase of $1.8 trillion; Spending increase of $2.5 trillion over the budget window, or a 71% increase; Record deficits requiring additional borrowing of over $1 trillion in the next two years; and Higher interest payments on the debt, totally $812 billion in 2024.